Money management decisions include deciding how much credit to obtain to support your spending and what sources of credit to use. This is false.
The processes of setting up a budget, saving money, making investments, and spending are all examples of money management.
To help you overcome the barriers to wealth, money management gives you a 360-degree view of your financial situation while putting important financial habits into practice. You have much more influence over your financial future when you have a defined purpose for your money and strong money management principles behind it.
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